Evergreen Capital Management LLC Sells 3,149 Shares of Exxon Mobil Co. (NYSE:XOM)

Evergreen Capital Management LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,326 shares of the oil and gas company's stock after selling 3,149 shares during the period. Evergreen Capital Management LLC's holdings in Exxon Mobil were worth $6,167,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after buying an additional 1,104,617 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter worth about $6,936,737,000. Bank of New York Mellon Corp increased its holdings in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Exxon Mobil by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock valued at $3,427,237,000 after purchasing an additional 700,415 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $2.65 during trading on Friday, hitting $106.84. 17,830,092 shares of the stock were exchanged, compared to its average volume of 15,988,172. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market capitalization of $462.12 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a fifty day moving average price of $109.82 and a 200-day moving average price of $112.81. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company earned $2.48 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays decreased their price objective on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Piper Sandler decreased their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $126.75.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company's stock.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.